Innovation in technology has changed the way individuals fulfill their banking needs and mobile enabled financial services are at the forefront. Mobile is increasingly becoming a centerpiece of the channel strategy of the banks, not only for its own adoption but also for its role as a ‘channel of channels’ i.e. a gateway for other channels like telephony, the Internet or Near Field Communication (NFC).
This paper talk about the M-Payments market potential, as well as the different trends in business models and technologies that are shaping the global M-Payments evolution. Decision makers in banks and other financial services firms may use these insights to develop actionable plans to seize the M-Payments opportunity.